Trump family's crypto project now offers loans

Source: PortaldoBitcoin Original Title: Trump Family’s Crypto Project Now Offers Loans Original Link: https://portaldobitcoin.uol.com.br/projeto-cripto-da-familia-trump-agora-oferece-emprestimos/ A World Liberty Financial, a decentralized finance company supported by U.S. President Donald Trump and his children, announced the launch of a new lending and financing platform called World Liberty Markets.

The platform is powered by the multichain DEX protocol Dolomite and allows users to earn yields by lending assets or taking out loans using their portfolio as collateral — including the native token of World Liberty (WLFI), its dollar-backed stablecoin USD1, as well as USDC, USDT, Ethereum, and Wrapped Bitcoin from a crypto platform (cbBTC).

“WLFI Markets was built to support the future of tokenized finance, providing access to real-world asset products from third parties and WLFI itself, supporting new tokenized assets as they are launched and creating deeper and broader access to USD1 across all WLFI applications,” the company published. “The platform was designed to provide future access to WLFI’s real-world asset roadmap (RWA).”

Since launch, the platform has already moved about US$20 million in supplied assets, led by the USD1 stablecoin, which offers an incentive rate of 27%, along with USD1 reward points for those providing at least US$1,000.

“A year ago, we set out to create a stablecoin capable of competing with the biggest names in cryptocurrency, and USD1 exceeded all expectations,” said Zak Folkman, co-founder and COO of World Liberty Financial, in a statement.

“Now we are giving USD1 users even more ways to put their stablecoins to work. The World Liberty Markets is a major step forward, and this is just the first of many products we plan to launch over the next 18 months.”

Currently, the platform exists as a web app, but it is expected to be integrated into the WLFI mobile app in the future. Support for new assets and the incentive structure will be determined by the platform’s users and WLFI token holders through decentralized governance votes.

World Liberty Financial launched its USD1 stablecoin on multiple blockchains in March last year. Since then, it has become the seventh-largest stablecoin, with a circulating supply exceeding US$3.4 billion.

The platform launched its native governance token, WLFI, in September. The token has gained about 1.2% in the last 24 hours, recently trading just below US$0.17. Over the past 14 days, it has risen 18%, but is still 49% below its all-time high of US$0.33.

The company features President Donald J. Trump as “Emeritus Co-Founder.” The Trump family reduced its stake in the company in June last year, but the president and his children Eric, Don Jr., and Barron still appear prominently on the team page.

Last week, World Liberty Financial applied for a national license to operate as a bank with the U.S. Office of the Comptroller of the Currency, joining other crypto and stablecoin companies that have applied for and received approval.